How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

Nov 19 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: d[-_-]b who wrote (28804)	8/27/1999 6:07:00 PM
From: johnd	Read Replies (3) of 74651

AG is I think is reasonable. He is rightfully worried about valuations. Dow started year at 9189. Back then it was richly priced. During the last 8 months, earnings have gone up for the dow stocks by about 8%. Everything else being equal the dow should be around 9900 purely based on earnings and 98 year-end reference. But the dow has actullay gone up thrice that much. In an environment, where interest rates are higher by 1%. So the really should be at around 9300 - 9400. Abby Cohen said at year beginning that 9800 should be a good year end 99 target. Wall street keeps getting so optimistic, it runs way ahead of earnings. Individuals are margined to death. Savings rates are at record low in history. Credit card borrowings are at record levels. Most stocks are in a parabolic mode. I wouldn't be surprised September or October bring severe downturns. In fact for long termers, it may be good to have such a correction.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next